Chinese Broker Signs up to Horizon Software’s ETF Market Making and Algo Trading System

Paris based Horizon Software, a provider of electronic trading solutions has signed up a Shanghai based securities broker for its Horizon Delta One Trader and Horizon Algo Trader systems. The deployment of the new system allows the Chinese broker to deal in ETF market making and algorithmic trading.

China is positioning itself as a leader in ETF trading in Asia. This year 19 ETFs have been issued, and the nations two premier equity exchanges, Shanghai and Shenzhen stock exchanges hold 43 and 25 ETFs respectively. According to data from Deutsche bank, China’s ETF market is growing at a handsome rate as investors look for alternative products. Assets in Chinese ETFs have risen from just $12m in 2002 to $38.8bn in 2012.

The Chinese broker will use Horizon’s Delta One Trader, a software solution that provides ultra-low latency order and Execution management system dedicated to Delta One products. The solution is used to implement trading strategies, such as statistical and index arbitrage, as well as making market for Delta One Products such as Futures, ETFs and CFDs,

"We understand that China is a growing and evolving market and things are changing and moving rapidly on a daily basis. And we see a huge potential there. Horizon Software is always willing to understand our clients' needs and in turn providing excellent solutions that can accommodate them." said Jean-Marc Delfarguiel, CEO of Horizon Software in a statement.

Among Horizon’s diverse client base of banks and brokers the unnamed Chinese broker is the first to deploy the ETF market making system.

"It's challenging and the road ahead is not easy; but we believe our solutions are the best. Providing the first ETF market making system in China is a strong proof of our solutions within this space." noted Sylvain Thieullent, APAC Director, Sales, Marketing and Client Services.

"Horizon Software is delighted to be chosen by our client in Shanghai. We are looking to further expand our footprint in China." said Marco Chung, Head of Sales for North Asia in the official press briefing. "And we are committed to provide the sophisticated electronic trading solutions for our clients in the region, be it market making, Algo Trading or order and execution management."